The Real Deal: “Rent stabilization could be strengthened today”

Legislative negotiators have the framework to put a new rent stabilization agreement in place, and a law could be enacted as soon as today, according to the New York Post. The pending current agreement raises the threshold at which rents can be decontrolled to $2,500 per month, from the $2,000 threshold in place for the last eight years. Moreover, the maximum annual income for tenants in regulated units will rise to $200,000 from $175,000.

Read more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s